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Mixed corn, soybean markets seen Thursday

03/29/2012 @ 7:22am

With the highly anticipated USDA Reports one day away, the CME Group corn, soybean and wheat markets look to start the day's trade mostly higher Wednesday. 

The Early Calls for the commodities on Thursday, March 29, 2012, are mostly higher. 

Corn is seen opening 1-2 cents lower, soybeans 6-8 cents higher and wheat 2-4 cents higher.

In overnight trading, the July corn futures contract traded 2 1/4 cents lower at $6.17 1/4 per bushel. July soybean futures traded 1/4 of a  cent higher at $13.73 1/4 per bushel, and July wheat traded 3/4 of a cent higher at $6.44 1/4. For July soybean meal futures, the contract traded $0.70 per short ton lower at $377.30. July soybean oil futures traded $0.07 lower at $54.95.

The outside markets are unfriendly for Thursday's grain trade. The real factors driving the calls will be the mostly higher overnight markets.


Discuss the corn, soybean and wheat markets in Marketing Talk.


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